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What can you do if your parents life insurance was left in trust to an aunt and was to be distributed between you and siblings but was not and now many years have passed?
Wiki User
∙ 14y ago
Technically, your aunt is bound by the trust to follow the specifications laid out by the grantor (assumedly your parents). However, if she has not chosen to disburse the funds according to the trust stipulations, there may have been a loophole written into the trust that allows her to do that. If not and she is in breech of the trust, she will have to be forced to do so by a court. This might require litigation. Your best bet is to find an estate planning attorney to get advice. If you do not have a copy of the trust, the attorney can work to get one, review it, and determine what rights you have and then you can proceed from there.
Wiki User
∙ 14y ago
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Can you take out life insurance on your parent?
Yes you can purchase life insurance on your parent. In order to buy life insurance on another person there must exist an Insurable Interest in that person. There does exist an insurable interest between siblings, spouses, and parents and children.
How can a 16-year-old get auto insurance if not through their parents or older siblings?
They can't. Minors cannot enter into contracts, insurance or otherwise.
Can you put life insurance on anyone like parents syblings or friends?
Yes, you may be able to buy life insurance on your parents and your siblings. If you are related to someone, you may have an insurable interest in them. However, there may not exist an insurable interest between you and your friends. If you rely on someone for financial support, life insurance may be purchased on that person., or if you are relatives.
Can you take out a Life insurance policy on a parent?
Yes, you can take out a life insurance policy on a parent. There must exist insurable interest between the owner and insured of a life insurance policy. There does exist insurable interest between spouses, parents and children, and siblings. So, yes, you can buy life insurance on your parent. Your parent may need to sign the application, answer some health questions, or take a medical exam to qualify for life insurance.
What do you call the relationship between two siblings who were adopted from separate parents?
brother or sister
Who has life insurance on you?
I have life insurance on myself and I list my parents as primary beneficiaries and my siblings as contingent beneficiaries because I'm single and want to leave something behind to them in case I die.
What happens to a beneficiaries portion if he dies before his mothers estate can be distributed and he has no wife or children?
It goes into his estate. That will then be handled per the jurisdiction's intestacy law. Siblings and parents are next in line.
Are your parents siblings?
no siblings are not also parents. siblings is a word for brothers and sisters so you do not have to say my brothers and sisters all the time.
What is meant by siblings between two persons?
A sibling is a brother or sister- someone with the same parents as you.
What is the relationship between brother and sister?
A brother and a sister, both being children of the same parents, are siblings.
What is the relationship between Jenna and Toby?
They were siblings by law, their parents got married, and they had a brief romantic relationship
Are siblings also your parents?
no siblings are not also parents. siblings is a word for brothers and sisters so you do not have to say my brothers and sisters all the time.
